How can I Protect my Legacy?

How can I protect my house?  My Inheritance?  My Legacy?
 
For most people the largest asset that we own is our home. It is something we have worked hard for all of our lives. Remember the feeling when that final payment was made and it truly belonged to us?
 
Imagine, once it was paid for if someone tried to take it away from us. How would that make you feel? Perhaps we want to leave the home to our children. What if what we planned for them didn’t happen for reasons that  were in our control but we just never knew it.
 
There are things that you can do to protect your Assets, your home, your family.
 
Step 1 – Make sure you have a current Will. If you do not have a Will the people you may think automatically will inherit your estate may not. If you do have a Will, is it stored safely? If your only Will, for example, is destroyed in a house fire, it would be like you never had one in the first place. Is it current? Are your children under or over 18? Is guardianship included?  Do you have children that need more help? Is this catered for in your Will?
 
Step 2 – Make sure you have Lasting Powers of Attorney (LPAs) in place. They are for Health and Welfare and Property and Finance. They are for use in the event that you lose capacity. Today over 40,000 people over the age of 65 suffer some form of dementia. But it's not just dementia. Strokes, car accidents and falls from buildings can all cause incapacity. Did you know, if you have a joint bank account with your partner and either of you was incapacitated, that the bank accounts could be frozen to protect the vulnerable partner? An LPA is needed to unlock them.  If you do not have one, it can take upwards of 9 months to get one in retrospect and cost almost 500% more than sorting it out in advance. If, in that 9 months, you do not have access to your joint account, how does the mortgage get paid? The bills? 

Don't put your loved ones in jeopardy any longer. Make the decision today.

Our free information pack teaches you the steps you need to know. Get It Now

 
Step 3 -  A Trust. If your home is mortgage free you can consider putting it into a family trust.  You may retain the same rights as you do now as a trustee. The main benefits of a trust are reduced probate fees, avoidance of sideways disinheritance (greedy spouses of your children who have divorced your son/daughter), provision for long-term care if necessary, or a direct benefit to your grandchildren if you choose. An Asset Trust can pay for itself several times over just in probate fees that are saved on death, let alone the other benefits.
 
Step 4 - Planning your funeral. Did you know, that you can plan your funeral as you wish and pay for it at today's prices, even if you do not need it for some time to come? The average cost of a funeral today is £3750 without add-ons like flowers, orders of service and the wake afterwards. The cost of funerals are doubling in price almost every 10 years, so in 2026, the cost could be over £7000 for just one person. With a prepaid plan, you could pay as little as £5 per week and have your funeral costs paid in advance, relieving the burden of those left behind. Plus you get to say what happens in advance.
 
A question for you. If you had to have heart surgery, would you want your operation to be handled by your GP or a specialist cardiologist? A high street solicitor is like a GP. They have knowledge on lots of things. At The Will Associates our legal team specialises ONLY in estate planning; the areas we have talked about above. Our senior consultant for the South East of England is Richard Morris. You can message Richard via Facebook at Will Associates South East or call 0800 847 7030. Richard offers a free consultation to look into your personal circumstances to see what suits you best, with no obligation.  Why delay?